Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 40 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour Standard labor time per faucet Standard number of lbs. of brass Standard price per lb. of brass Actual price per ib. of brass Actual lbs. of brass used during the week Number of faucets produced during the week Actual wage per hour Actual hours for the week (40 employees 36 hours) Required: $10.80 15 min. 1.4 lbs. $10,00 $10.25 11,680 .100 $11.12 1,440 hrs. a. Determine the standard cost per unit for direct materials and direct labor Round the cost per unit to two decimal places Direct materials standard cost per unit Direct labor standard cost per unit Total standard cost per unit